MERLIN Properties Annual Report 2019 / English

22 | Annual Report | 2019 RENTS Gross rents in the period amount to € 525,918 thousand with respect to € 499,708 thousand in FY18. FY19 FY18 YoY (%) Offices 243,431 228,127 6.7% Shopping centers 127,300 108,905 16.9% Logistics 53,796 50,327 6.9% Net leases 86,962 96,721 (10.1%) Other 14,429 15,628 (7.7%) Total 525,918 499,708 5.2% 17.5 16.6 Offices 21.4 21.3 Shopping centers 19.9 19.2 Logistics Net leases 4.2 4.1 FY 2018 (1) FY 2019 GROSS RENTS BREAKDOWN AVERAGE PASSING RENT (€/SQM/MONTH) (1) Restated after the reclassification